Wall Street's 'Goldilocks' Label Migrated Through Asset Classes, Not a Single Regime

Wall Street applied the "Goldilocks" frame to global macro in January, emerging markets in June, and Indian equities by December 2025. Each iteration required increasingly favorable assumptions. A Bloomberg August article slug signaled a pivot to "Goldilocks ending as growth fears mount." The pattern suggests the term masked a rotating selection of winning bets rather than a coherent market regime—a late-cycle marker worth skepticism.